Oct 10, 2012 4:30pm PDT
popular with consumers? that and more tonight on "n.b.r."! the nation's housing market appears to be building a new foundation. that's according to the latest snapshot of the u.s. economy released today by the federal reserve. the so-called "beige book" compiles data from 12 fed districts, and it shows residential real estate improved in "all" districts in september. anecdotes from business contacts and economists noted existg home sales strengthened, while prices rose or stayed stable. suzanne pratt takes a closer look at whether the broader economy is also showing signs of strength. >> reporter: here's a shocker: the u.s. economy is growing, but only at modest pace. that's what anecdotes, not hard numbers, from the fed's regional banks suggest about the business climate. 10 of the 12 fed districts reported economic activity in september expanded modestly since the last snapshot. only new york and kansas city saw a leveling off or slowing of growth. residential real estate was the one major sweet spot, showing widespread improvement. >> we've seen a pickup in house prices, we'
Oct 10, 2012 7:00pm PDT
. suzanne pratt, "n.b.r.," new york. >> susie: while things are looking up for the u.s. economy, investors are worried about global economic growth. and so is opec: the oil organization trimmed its forecast today for oil demand, due to a slowing global economy. crude prices shot up to $93 a barrel, and then pulled back to $91 after opec said that oil supplies are in good shape for the rest of the year. that's one reason stocks were down again today, making it three days in a row. with this latest pull back, all three major stocks averages are now negative for the month. by the closing bell, the dow lost 128 points, the nasdaq fell 13, and the s&p off almost nine points. so where do stocks go from here? joining us now, james awad, investment strategist at zephyr management. so, jim, is this the beginning of a correction? >> well, i think what you see is what you get. and what i mean by that is the time to be measured, the negatives that we are slowing worldwide, there's a chance of an accident in europe. the middle east is a mess, the earnings season is probably not going to be great. and t
Oct 8, 2012 4:30pm PDT
on "n.b.r."! >> tom: two of china's top telecommunications companies are a threat to u.s. national security. that's the conclusion of the u.s. house intelligence committee after a year-long investigation into emerging technology giants z.t.e. and huawei. huawei says the report relies on rumors and speculation, and the company warns a trade battle could cost the jobs of thousands of workers in the united states. but, as darren gersh reports, there is growing bipartisan agreement that this is the right time to get tough on chinese cyber-theft. >> reporter: in unusually blunt language the bipartisan leadership of the house committee warned u.s. companies not to buy their broadband networking equipment from z.t.e. and huawei. >> our advice to the private sector is this: your obligation is to consider larger data protection and national security implications of your business decisions and we would not advise doing business with these two companies. >> reporter: washington has become increasingly alarmed by cyber-security threats believed to have been launched from china. cyber theft of